No Limit Holdings (NLH), a crypto investment firm, and ClearVue Partners (CVP) just closed their second fund, CVP NoLimit Fund II. This fund will pour money into crypto projects, betting on a massive $15 trillion crypto market by 2030.
A Winning Track Record
NLH, led by Gin Chao (a Binance board member), launched its first fund in 2022. Fund I invested in over 40 projects and significantly outperformed Bitcoin. Their success came from smart investments in areas like decentralized finance (DeFi) and decentralized physical infrastructure networks (DePIN). One example is Wynd Labs, a key player in the successful Grass Protocol, which lets users earn rewards by sharing their internet bandwidth. Fund I also backed promising projects like Sei, Sui, and Ethena.
Big Predictions and Bigger Plans
Chao has a history of accurate Bitcoin price predictions. He correctly predicted Bitcoin’s 2021 high and is now forecasting a $400,000-$500,000 high in the next cycle. NLH believes Bitcoin will become an even better store of value than gold.
Fund II aims to continue this success by investing early in promising new projects. They’re focusing on areas like the intersection of blockchain and AI, and are even exploring business-to-consumer (B2C) applications through a new business plan competition.
Fund II Success and Future Outlook
Fund II quickly exceeded its $100 million target and has already invested in several projects, including Altius, Aro Network, Blum, Hyperlend, and ICN. Both NLH and CVP are confident about the future of the crypto industry and are excited to continue shaping its growth. NLH currently manages over $300 million in assets and over 50 portfolio projects. CVP manages over $1 billion across three funds.
